Personal bankruptcy

Personal Bankruptcy Lawyers - Stacks Law Firm

Facing bankruptcy is understandably a stressful and concerning time for you - Let a Stacks personal bankruptcy lawyer help you minimise the lasting damage to your wellbeing and finances when declaring yourself bankrupt.

Bankruptcy is a process which provides protection to people who are no longer able to pay their debts as they fall due.

A person may be declared bankrupt voluntarily, by lodging an application, or by an order of the court instigated by a creditor. A Trustee is appointed to the person who is bankrupt for a period of at least three years. The Trustee takes control of their estate and liquidates the assets to distribute them equally among the unsecured creditors (creditors who don’t hold security for a debt).

The effect of the bankruptcy is that unsecured creditors are generally not able to commence or continue proceedings to recover debts, although the rights of secured creditors are unaffected.

Stacks Law Firm has an experienced team who assist trustees, creditors and debtors with advice and legal representation about all aspects of personal bankruptcy.

Trustees

We will advise Trustees in relation to their statutory obligations and the statutory recovery actions which are available to them, including unfair preferences and other voidable transactions, and potential causes of action.

Creditors

Our team can assist creditors with filing a Bankruptcy Notice and applying to the court for a sequestration order to have a trustee appointed to the bankrupt’s estate. This gives the trustee the opportunity to ‘claw back’ the bankrupt’s assets for the benefit of the creditors.

Debtors

If you are a debtor we can assist you to voluntarily enter into bankruptcy to finalise all debts, or to dispute a Bankruptcy Notice issued by one of your creditors.

Thank you for all of your hard work over the duration of my claim. You consistently provided an excellent level of legal service, as well as a genuine compassion. You've achieved an excellent result for me and I couldn't be happier with the outcome. I feel that I've been adequately compensated for my injury and that I can finally move on with my life. I would happily recommend Stacks Law Firm to others.R.P.

I want to thank you all very much for your efforts, attentiveness and patience. I found the professionalism of the entire staff at Stacks to be above all expectations. During a very stressful time I truly felt that you had my best interests at heart and left no stone unturned in delivering the most favourable outcome possible. I have already recommended your services to my friends and family.C.B, NEUTRAL BAY, SYDNEY

Thank you again for all your help with our property purchase, you made the whole process so stress free and your professionalism and kindness provided a refreshing experience.CAROL, BALLINA

Thank you for all the hard work, assistance and reassurance you put into my case. This was a very difficult time in my life and not only did you help me to get through it but also to achieve a successful result. My overall experience with the team was extremely positive and successful. I'm so very glad I came to you.M.M., FAR NORTH COAST OF NSW

Get help now

It's easy to get help, just tell us your story and we'll help you understand all your options. If you’d like us to help, we’ll agree exactly the work you'd like us to do up front so that you can be certain about our costs.

Get help now

It's easy to get help, just tell us your story and we'll help you understand all your options. If you’d like us to help, we’ll agree exactly the work you'd like us to do up front so that you can be certain about our costs.